D
erby Lane Partners, a newly launched investment management house, is targeting commercial real‑estate credit across North America. The firm has secured up to $1.8 bn (€1.55 bn) from anchor investors such as BTG Pactual, Fortress Investment Group funds and Koch Real Estate Investments, while strategic backers include Liberty Mutual Investments, Silver Creek Capital Management and Stable.
Founded by Adam Piekarski, who will serve as CEO and CIO, Derby Lane brings a seasoned team from the real‑estate credit arena. Piekarski previously co‑founded and headed the credit unit at BDT & MSD Partners. The core group also features Kory Klebanoff, former co‑head of East Coast originations at ACORE Capital; Urian Yap, ex‑CFO of Madison Realty Capital; Matt Doneth, a former Apollo Global Management MD; and Heecheol Pak, who joins from Blackstone.
“Commercial‑real‑estate debt offers compelling upside today,” Piekarski said. “With a disciplined credit process and proactive asset management, we’re positioned to take an offensive stance while the market remains defensive.”
Erik Serrano Berntsen, CEO of Stable, added: “Stable partners with firms that build lasting platforms. We manage capital for major institutions, including U.S. public pension plans, and support founders who demonstrate disciplined, long‑term execution. Adam’s track record makes Derby Lane a natural fit.”
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